A woman poses for a smartphone photo at a booth for Chinese tech firm Tencent at the Global Mobile Internet Conference (GMIC) in Beijing, Thursday, April 27, 2017. The GMIC features current and future trends in the mobile Internet industry by some major foreign and Chinese internet companies. (AP Photo/Mark Schiefelbein)

In this April 29, 2015 photo, a woman uses her smartphone near a booth for the Chinese Internet company Tencent at the Global Mobile Internet Conference in Beijing. Chinese state media reported Thursday, Aug. 18, 2016, that new rules hold chief editors of news websites personally liable for content, months after several portals posted material that was seen as embarrassing to President Xi Jinping. Tencent, one of China's most popular websites, fired its top editor after a July headline mistakenly said Xi delivered a "furious" - instead of "important" - speech commemorating a Communist Party anniversary. (AP Photo/Mark Schiefelbein)

Tencent is one of the largest internet holdings companies in the world, and the largest international parent of gaming subsidiaries.

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They are known for their social media software, such as WeChat and QQ. They are also the parent company of notable gaming giants such as Riot Games and Supercell, developers of notable games "League of Legends" and "Clash Royale," respectively.

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The town is expected to hold several gaming and business amenities. These would include a university focused primarily on esports, multiple business and data centers, as well as cultural communities and parks devoted to creative work.

There are also plans to construct a theme park based off of esports. When finished, Tencent aims to hold large-scale events at the national level.

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There is no set date for the completion of the town, as the deal has just been made with the local government.

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